Learn about Federal Pell Grants, their eligibility criteria, and how they can help fund your education. It's free money for college. org. Pell Grants are need-based aid that is intended to be the foundation for all need-based federal student aid awarded to undergraduates. One potential source of financial aid for college students is a Federal Pell Grant. Aug 25, 2023 · If FPS has determined that a student's ISIR transaction is eligible for a Pell Grant, the “Pell Grant Eligibility Flag” will be set to “Y”. A new grant program called Workforce Pell — included in the President Donald Trump signed into law last summer — will open in 2026 to students pursuing short-term job training programs. . Learn more about this and other grants at bigfuture. The Pell Grant has served as the cornerstone of financial aid for students from low-income backgrounds pursuing higher education since its creation in 1972. Pell Grants are typically awarded to undergraduate students who display exceptional financial need. collegeboard. To receive a Pell Grant, there are certain qualifications and stipulations; read on to explore if Pell Grants are right for you and learn the steps you’ll need to take to apply. Learn about Federal Pell Grants, their eligibility criteria, and how they can help fund your education. Unlike federal student loans, Pell Grants don’t have to be paid back except under certain circumstances. Aug 25, 2023 · A student who has earned a baccalaureate degree or a first professional degree cannot receive a Pell Grant. However, students enrolled in an eligible post baccalaureate program as described below are still considered undergraduates for purposes of Pell Grant eligibility. Oct 17, 2025 · The Pell Grant is a financial aid program from the federal government designed to help undergraduates from low- and middle-income families afford higher education. Nov 6, 2024 · The program provided $31 billion in aid to approximately 6. Jan 13, 2026 · Pell Grants, which provide federal financial aid to low-income college students, are getting a significant expansion this year. This need-based grant provides crucial support for around 7 million students each year, or about one-third of undergraduates. Unlike loans, students do not repay Pell Grants. 5 million undergraduate students in FY2023. Schools will use additional information on the ISIR to determine whether students qualify for Max Pell, Min Pell, or a Calculated Pell Grant.

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